A mother of three whose family wiped out debts of nearly $50,000 (£40,000) in four years by following ‘zero waste’ principles has revealed how their self-sufficient lifestyle means they are taking the Covid-19 lockdown in their stride. Facing a mammoth debt of $68,000 back in 2016, Amber Allen, 31, a full time YouTuber, from Ontario, … Read more
At the end of March, debt charity StepChange reported it had experienced the busiest days in its history over the previous three weeks, even busier than during the financial crisis. Britons are looking for help with their finances in record numbers as the coronavirus pandemic and the lockdown of the country has seen huge numbers … Read more
IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more
Pakistani PM Imran Khan warns MORE people in developing countries will starve under coronavirus lockdowns than will be killed by the disease as he urges western governments to waive debt repayments Pakistan has recorded 5,183 infections, with 88 deaths, so far in the pandemic Its already-struggling economy has been hit hard by the nationwide lockdowns … Read more
The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more
Back in early January, when corona was just a mediocre beer, the Bank of England published something odd. For the first time in six-and-a-half years, people paid back more than they borrowed on credit cards. And as unusual as the statistic itself was the bank’s reaction to it. ‘The extra amount borrowed by consumers in … Read more
RUTH SUNDERLAND: Coronavirus raises the potentially explosive problem of dodgy corporate debt By Ruth Sunderland for the Daily Mail Published: 22:00 GMT, 15 March 2020 | Updated: 22:00 GMT, 15 March 2020 Charting the right economic course through the coronavirus is almost as difficult as calibrating the right medical response. The two, of course, are … Read more